The Federal Reserve, led by Jerome Powell, emphasizes the need for stablecoin regulation amid economic uncertainty, advocating for a legal framework to ensure financial stability.
Powell's comments caused market volatility, with the Nasdaq declining nearly 4% as investors reacted to his insights on tariffs and inflation affecting the economy.
He highlighted the growing mainstream acceptance of cryptocurrencies and predicted that adjustments in bank regulations could foster innovation in the blockchain sector.
Tether (USDT) demonstrates substantial market activity, underlining the ongoing demand for stable digital assets, which may further encourage institutional acceptance and DeFi growth.
Full story here: https://coincu.com/332685-powell-stablecoin-regulatory-needs
